Table 30.5 $$\begin{array} { | r | c | c | c | }
\hline \text { Output (urits) } & \text { Labor (urits) } & \text { Output (urits) } & \text { Capital (urits) } \
\hline 10 & 1 & 20 & 1 \
\hline 26 & 2 & 56 & 2 \
\hline 38 & 3 & 86 & 3 \
\hline
\end{array}$$ Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit.In Table 30.5,what is the cost efficiency of the second unit of labor?
A)64 units per $1 of cost.
B)16 units per $1 of cost.
C)26 units per $1 of cost.
D)4 units per $1 of cost.

Question

Table 30.5 $$\begin{array} { | r | c | c | c | } 
\hline \text { Output (urits) } & \text { Labor (urits) } & \text { Output (urits) } & \text { Capital (urits) } \
\hline 10 & 1 & 20 & 1 \
\hline 26 & 2 & 56 & 2 \
\hline 38 & 3 & 86 & 3 \
\hline
\end{array}$$ Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit.In Table 30.5,what is the cost efficiency of the second unit of labor?
A)64 units per $1 of cost.
B)16 units per $1 of cost.
C)26 units per $1 of cost.
D)4 units per $1 of cost.

Quizplus · Accepted Answer

The Answer of Table 30.5 $$\begin{array} { | r | c | c | c | } 
\hline \text { Output (urits) } & \text { Labor (urits) } & \text { Output (urits) } & \text { Capital (urits) } \
\hline 10 & 1 & 20 & 1 \
\hline 26 & 2 & 56 & 2 \
\hline 38 & 3 & 86 & 3 \
\hline
\end{array}$$ Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit.In Table 30.5,what is the cost efficiency of the second unit of labor?
A)64 units per $1 of cost.
B)16 units per $1 of cost.
C)26 units per $1 of cost.
D)4 units per $1 of cost.

Table 305 Assume That in Table 30